M&M step us equity stake in Meru Travel Solutions to 100pc

As part of its growth strategy in the shared mobility space, Mahindra and Mahindra Ltd. (M&M) announced that it has entered into definitive agreements with shareholders of Meru Travel Solutions Private Limited (Meru...

Goodyear to acquire Cooper Tire & Rubber Co in US $ 2.5 billion deal

Tyre majors Goodyear Tire & Rubber Company and Cooper Tire & Rubber Company announced that they have entered a definitive transaction agreement under which Goodyear will acquire Cooper in a transaction with a total ...

Mahindra and Ford end discussions of automotive joint venture

Mahindra & Mahindra and Ford Motor Company have mutually and amicably determined they will not complete a previously announced automotive joint venture between their companies.

Motherson Sumi Systems acquires Bombardier EWIS business in Mexico.

Motherson Sumi Systems Limited (MSSL), via its Mexican subsidiary, Motherson Rolling Stocks S. de R.L. de C.V. (MRS), has signed an asset sale and purchase agreement to acquire the activities of Electrical Wiring In...

Groupe PSA, FCA to merge into Euros 170 billion auto behemoth

Barely five months after rejecting French auto major Groupe Renault as its bed partner, Fiat Chrysler Automobiles (FCA) has hopped back into the bed with another French automobile major – Groupe Peugeot S.A. Accordi...

Ford hands over control to Mahindra in India through new joint venture

Ford India will be transferring its Indian operations, including its personnel and assembly plants in Chennai in Tamil Nadu and Sanand in Gujarat, as well as the Global Business Services unit, Ford Credit and Ford S...

FCA submits proposal for merger with Groupe Renault

Fiat Chrysler Automobiles N.V. has delivered a non-binding letter to the Board of Groupe Renault proposing a combination of their respective businesses as a 50/50 merger. Groupe Renault has confirmed receipt of a pr...

Mahindra and Ford set to develop a compact SUV

Mahindra Group and Ford Motor Company have taken the next step in strengthening their ongoing strategic alliance in India with a definitive agreement to co-develop a midsize sports utility vehicle (SUV). Under the n...

Greaves Cotton to acquire majority stake in electric vehicle company Ampere

Greaves Cotton, one of India’s leading diversified engineering companies, announced that they have entered into definitive agreements pursuant to which Greaves Cotton will acquire a majority stake in EV company Ampe...

Kinetic Green, Lamborghini family of Italy form joint venture

Pune based Kinetic Group’s company Kinetic Green Energy & Power Solutions Ltd signed a MOU (Memorandum of Understanding) with luxury brand Tonino Lamborghini to jointly set up a new joint venture company in India (i...

Continental to acquire 5 percent stake in HERE Technologies

Technology company Continental has signed a definitive agreement to acquire a 5 percent indirect ownership stake in HERE Technologies, a global leader in mapping and location services. The share will be sold by HERE...

Tata Motors, Volkswagen Group , Skoda sign MOU for exploring JVs

Tata Motors has signed a Memorandum of Understanding (MoU) for a long-term partnership with Volkswagen Group and Skoda, to explore strategic alliance opportunity for joint development of products. The agreement has ...

IAC , Shenda to form JV for acoustic products

International Automotive Components (IAC) and Shanghai Shenda Co. Ltd. (Shenda) have announced the signing of a definitive agreement to form a global joint venture (JV) partnership to supply soft trim and acoustics...

Nissan-Mitsubishi alliance: Win-Win for both, Nissan wins twice, says Ghosn

Nissan Motor’s move to acquire a 34 pc equity stake in Mitsubishi Motors Corporation (MMC) will lead to a lot of advantages for Nissan as well MMC, besides reducing costs of development and introducing many more veh...

Nissan takes 34pc equity stake in Mitsubishi Motors for 237 Billion Yen

Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation, (MMC) have announced that they have signed a Basic Agreement to form a far-reaching strategic alliance between the two Japanese automakers. Following an MMC ...

Volkswagen Head of Group Design Walter Maria de Silva retires

Walter Maria de Silva (64), Head of Group Design, is retiring with effect from the end of November 2015, according to a press release issued by the company. De Silva assumed design responsibility for all passenger c...

JK Tyre acquires Haridwar tyre unit of Kesoram Industries for Rs 2200 crore

JK Tyre & Industries has finally confirmed that it is buying Cavendish Industries Ltd (CIL) tyre unit of Kesoram Industries. In a press release, the company stated that JK Tyre & Industries Limited (JK Tyre) and JK...

Mahindra to take 33pc stake in Mitsubishi Agricultural Machinery for Rs 159 crore

Leading automobile manufacturer in India Mahindra & Mahindra will invest around Japanese Yen 3 billion (USD 25 million / Rs 159 crore approx.) for acquiring 33pc voting stake in Japan based Mitsubishi Heavy Industri...

Mahindra First Choice Wheels raises $15 Million from US investor

Mahindra First Choice Wheels Ltd. (MFCWL), a leading multi-brand used vehicle company, has signed a definitive agreement to raise $15 million (Rs. 94 crore approx.) from San Francisco based investment advisor firm, ...

Royal Enfield to manufacture 450,000 motorcycles in 2015

Having achieved the best ever sales of over 300,000 units for 2014, Royal Enfield, a division of Eicher Motors Ltd (EML) is planning to manufacture 450,000 units in 2015 with a view to becoming a leader in the glob...

Modern technology on traffic at Traffic Infra Tech Expo 2015

The 4th edition of Traffic Infra Tech Expo 2015 and the first Parking Infratech 2015 were held in New Delhi on January 7, 2015. The expo showcased several comprehensive and definitive technology and system on traffi...

Delphi Automotive acquires Unwired Technology

Close on the heels of Delphi Automotive acquiring US based Antaya Technologies Corp, it has announced entering into a definitive agreement to acquire media connectivity module supplier, Unwired Technology LLC, expan...

Delphi to acquire Antaya Technologies in US

Delphi Automotive has signed a definitive agreement to acquire Antaya Technologies Corp, a leading provider of proprietary on-glass connectors. With this acquisition, Delphi will be enhancing its portfolio in the ra...

Johnson Controls , SAIC company form JV

Johnson Controls the and Yanfeng Automotive Trim Systems Co., Ltd., a wholly owned subsidiary of Huayu Automotive Systems Co., Ltd. (HASCO), the component group of Shanghai Automotive Industry Corporation (SAIC), ha...

Jaguar Land Rover grows 22pc in India

Jaguar Land Rover has announced that it registered strong calendar year growth of 22pc in India. It sold 2913 cars over the course of the calendar year 2013. Under the Jaguar umbrella, in 2013, Indian customers saw ...

Cooper Tires-Apollo Tyres spat evident

A spat between India based Apollo Tyres and US based Cooper Tires is quite evident now. Apollo Tyres

Apollo Tyres snaps up US-based Cooper for US$ 2.5b

Apollo Tyres Ltd and Cooper Tire & Rubber Company have announced the execution of a definitive merge

Off-road champion Polaris ties up with Eicher

Eicher Motors Ltd has entered into a joint agreement on July 23, 2012 with Polaris Industries Inc

Renault-Nissan gets majority stake in Avtovaz

The Renault-Nissan Alliance and state corporation Russian Technologies have agreed to create a joint

Hero Motocorp -- Erik Buell Racing of USA tie up

Hero MotoCorp Ltd. (HMCL) has announced forging a strategic partnership with Erik Buell Racing (EBR)

Ssangyong-Mahindra Sign Definitive Agreement

Ssangyong Motor Company M&M its preferred bidder, announced the signing of a definitive agreement

Ashok Leyland launches U-Truck platform-based CVs

CHENNAI: The Hinduja Group flagship firm, Ashok Leyland Limited, has announced sale of vehicles on t

Mahindras finally get cosy with SsangYong

MUMBAI: For the Mahindras, it’s yet another feather in its cap. Going the Tata way of acquiring auto




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